Softbank-backed OPay eyes North Africa
Lagos-based start-up has shareholders including Softbank and China’s Meituan
24 December 2020 - 12:05
Lagos — OPay, a Nigerian fintech start-up founded by Opera, plans to expand its payments service operations to North Africa early next year after Covid-19 restrictions led to a spike in transactions on its platform.
The volume of monthly settlements on the OPay platform grew almost fourfold to $1.4bn in November from $363m in January, as people sought alternative payments services during coronavirus-induced lockdowns, the company’s MD, Iniabasi Akpan, said...
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